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Technology Stocks : 3Com Corporation (COMS)
COMS 0.00130-18.8%Nov 7 11:47 AM EST
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To: Amir Desai who started this subject4/16/2001 9:42:29 PM
From: KyrosL  Read Replies (1) of 45548
 
It's interesting that Cisco today wrote off their entire inventory of $2.5 billion. My guess is that without this writeoff they would have had hefty operational losses over the next couple of quarters -- just like 3Com. It's easy to report profits when the cost of the products you are selling is zero. I believe that 3Com has not yet resorted to such transparent attempts to pad their earnings.

In retrospect Cisco's expensive acquisitions and vendor financing seem to be a lot worse than 3Com's Audrey and stock buyback (via derivatives) follies.
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